Nick Scali Limited · ASX:NCK
Nick Scali — FY2010 Earnings Presentation
7 slides from Nick Scali's earnings presentation, Aug 12, 2010
Slide 1: ASX announcement cover letter: Results Presentation
Nick Scali Limited ABN 82 000 403 896 Head Office 3-29 Birnie Avenue Lidcombe NSW 2141 For personal use only Phone: (02) 9748 4000 Facsimile: (02) 9748 4022 12 August 2010 Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street Sydney NSW 2000 By electronic lodgement Nick Sca
Slide 2: Results Presentation Year Ended 30 June 2010 (FY10)
For personal use only Results Presentation Year Ended 30 June 2010 (FY10)
Slide 3: Key points - FY10
Ke y p o in ts - FY10 For personal use only • NPBT up 134% on last year ($16.1m FY10 vs $6.9m FY09) • EPS 13.9 cents, up from 5.9 cents last year P ro fit • Driven by higher sales volumes through existing distribution infrastructure • Gross margin increased to 63% from 58% in FY09 • Sales increased
Slide 4: Earnings Summary
Ea rn in g s S u m m a ry For personal use only Year Ended 30 Jun ($m) FY09 FY10 • Sales volumes driven by improved consumer confidence, and a more buoyant housing market. Sales revenue 77.5 96.4 Cost of sales (32.5) (36.0) • Comparable store growth 18%. Gross profit 45.0 60.4 • Margin recovered fro
Slide 5: Cash flow
Ca s h flo w For personal use only • Strong operating cash flow of $15.5m. Year Ended 30 Jun ($m) FY09 FY10 Receipts from customers 86.0 107.6 • Capex investment maintained at FY09 levels; Pmts to suppliers/employees (75.9) (88.0) primarily store fitout and refurbishment. Other 0.4 0.6 Income tax pa
Slide 6: Balance Sheet
Ba la n c e S h e e t For personal use only Period End ($m) Jun'09 Jun'10 • No debt at year end. • Inventory increases reflect higher sales levels Cash 11.5 17.3 • Inventory stocked in DCs $6.5m (FY09 $4.4m) Receivables 0.6 0.6 Inventories 11.6 13.9 • Payables increased due to Fixed assets 4.4 4.7 o
Slide 7: Outlook
Ou tlo o k For personal use only Sales and Profit • Orders taken in Q4 FY10 were reasonable against strong prior year corresponding period, up 2.4%. • Recent trading results have been satisfactory and similar to Q4, though consumer sensitivity to discounting and promotions persists. • The customer f